Medicare, 2012 Presidential Election | featured news

GOP presidential candidate Mitt Romney's new promise to restore the Medicare cuts made by President Barack Obama's health care overhaul law could backfire if he's elected. The reason: Obama's cuts also extended the life of Medicare's giant trust fund. By repealing them, Romney would move the program's insolvency eight years closer, toward the end of what would be his first term in office.

President Obama fought back against Republican criticism over Medicare today, saying he has improved the program by eliminating wasteful spending. "Here's what you need to know -- I have strengthened Medicare," Obama told supporters in Dubuque, Iowa, on the third and final day of his bus tour of the state.

In an interview on “CBS This Morning,” Romney was asked how he squared his running mate’s plan to cut spending on the popular healthcare program for the elderly with his criticism of President Obama for making the same reductions.

One way or another, Barack Obama, Paul Ryan and Mitt Romney all have supported the $700 billion in cuts to Medicare spending now in place under the Affordable Care Act. But you wouldn’t know that by listening to the current debate.

Republican Paul Ryan's blueprint for Medicare could prove as polarizing in the campaign as President Barack Obama's health care overhaul has been. Even Mitt Romney may not want to go there....

Republicans are ready to ram through the House an election-year, $3.5 trillion budget that showcases their deficit-cutting plan for revamping Medicare and slicing everything from food stamps to transportation while rejecting President Barack Obama's call to raise taxes on the rich....